Location: Green County, WI | Metro: Green County, WI HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,220 | $354,433 | 0.34% | F |
U.S. Census Bureau data (2024)
The ZIP code 53570 represents a suburban neighborhood characterized by a relatively small population of 2,686 residents. Approximately 22.1% of these residents are renters, indicating a modest demand for rental properties. The area enjoys a high median household income of $87,500, which suggests that many residents have the financial stability to support higher living costs. Reflecting this, the median home value in the region stands at $343,445, underscoring the overall economic health and desirability of the location.
Moving into the specifics of rental economics, the Fair Market Rent (FMR) for ZIP 53570 for fiscal year 2024 is set at $910. This compares closely to the reported market rent of $901, based on Census American Community Survey (ACS) data. The alignment between FMR and market rents indicates that the housing assistance provided through Section 8 vouchers is nearly equivalent to the actual rental market rates, making it an attractive proposition for landlords who can leverage this program without significant loss of revenue.
In considering whether ZIP 53570 fits a hands-off voucher operator or a hands-on value-add buyer, the data points towards a balanced opportunity. For hands-off operators, the close match between FMR and market rents ensures steady, predictable cash flow with minimal tenant turnover risk. However, for those interested in value-add strategies, the slightly higher FMR could be leveraged to improve property conditions or amenities, thereby justifying a higher rent premium over time. The neighborhood's strong median income and home values provide a solid foundation for both approaches, ensuring that investments in this area are likely to remain stable and profitable.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.